re: Watch Crypto World Evolution in its' death throes

Stepsys and gang are able to get just enough new people to keep joining this to prevent the Alexa ranking from dropping like a rock. I think he knows he only has until the end of September before he needs to bail and start promoting his new Ponzi. That's why he will be all over the place recruiting to get as many referral fees as he can before bailing. He is also betting that the authorities won't act before then. This is the only unknown he has right now. You can bet he is watching the Alexa ranking very closely so he knows when he has to bail.

Personally I think it would be great if the authorities took action before he could bail and maybe get caught up in the charges. Due to the inaction by the authorities anywhere in Europe to stop MAP, he is pretty safe from them taking action now; and he knows it. It's why he keeps flipping them the finger and they let him get away with it. Sad.

EagleOne
Founder/President Eagle Research Associateshttp://eagleresearchassociates.org
Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com
Lifetime Member of the National Association of Distinguished Professionals

re: Watch Crypto World Evolution in its' death throes

"No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

re: Watch Crypto World Evolution in its' death throes

When this hits 175,000 is when the panic will set in for all the members, and you can get all the major pimps will be long gone before this happens. My guess is they will quietly stop promoting at about 150,000. Until then they are going to suck in as many gullible people as they can.

EagleOne
Founder/President Eagle Research Associateshttp://eagleresearchassociates.org
Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com
Lifetime Member of the National Association of Distinguished Professionals

re: Watch Crypto World Evolution in its' death throes

Slightly off topic here, but can I ask everybodies opinion on CryptoCurrency in general?
My personal opinion is that making money just by a computer 'mining' and making a maths calculation is ridiculous.
It just seems like a giant ponzi scam to me?

re: Watch Crypto World Evolution in its' death throes

Originally Posted by HARRISON

Slightly off topic here, but can I ask everybodies opinion on CryptoCurrency in general?
My personal opinion is that making money just by a computer 'mining' and making a maths calculation is ridiculous.
It just seems like a giant ponzi scam to me?

I'm with you. it's all vapor as far as I'm concerned.
where part of the problem lies for me is bitcoin was originally explained that it gets harder and harder to 'mine coins' over time.
That tells me there has to be a finite amount and are harder to find.
regardless, how can all these mystery 'coins' pop up when bitcoin should technically have most of them. the scammers make it seem like finding these 'coins' is a drop in the bucket.

re: Watch Crypto World Evolution in its' death throes

Slightly off topic here, but can I ask everybodies opinion on CryptoCurrency in general?

I'm at a complete loss, seems a step back 100 years gee-whiz technology not withstanding.

1. Created out of thin air, yes government currency is "fiat" but strong governments have both assets and the ability to tax.
2. Zero consumer protection.
3. Spurious solutions to problems that seldom exist.
4. Only a store of value based on a greater fool willing to pay more than the last fool.
5. It's untraceable nature attracts a criminal element.

Gold has had decades of long fallow periods, perhaps governments can't create it but 2-5 apply. Also telling in the recent market sell off government bonds caught a bid (as did gold) while bitcoin dropped $400.

re: Watch Crypto World Evolution in its' death throes

I share all of the feelings so well put above.
Not much more I can add other than its just ridiculous. People have lost their minds over something that doesn't really exist.
They've even come up with their own language, "to the moon", "fud", "lambo's soon", "hodl" etc.
SeriouslyWhat the hell

re: Watch Crypto World Evolution in its' death throes

Originally Posted by HARRISON

Slightly off topic here, but can I ask everybodies opinion on CryptoCurrency in general?
My personal opinion is that making money just by a computer 'mining' and making a maths calculation is ridiculous.
It just seems like a giant ponzi scam to me?

I agree with you. History shows that there have been similar things in the past.....South Sea Bubble....Tulip Fever (yes, really!)....and they all came a cropper in the end.

Also, what Government is ever going to allow a rival "currency" that it can't control?